Affiliate Programs & Check Cutting/Processing Fees

Jim · 2007-01-08, 01:13 PM

To me, the money it costs to send a check just seems that it should be the cost of doing business. I have to wonder with a US business, is the money both withheld from the webmaster and then written off as a business expense, tax time?

I guess I can see a reason for a program using a 3rd party service. We did that in the beginning with UltraCash. I forgot the cost but I think it might have been $3.50/check. But even then, we ate the cost. We only stopped using the company because they printed the wrong account number on a check run. Nothing like having the rumor of bouncing checks going around when the check says, "Refer to Maker".

Good tip..."Refer to Maker", some problem other than bounced check. "NSF", bounced check.

tickler · 2007-01-08, 03:40 PM

Quote:

Originally Posted by Jim

I forgot the cost but I think it might have been $3.50/check.

Actually we generally use about a $5.00 figure now in systems design costing. The costs you mentioned plus, a ton more like ink/toner, maintenance. hardware depreciation, archiving/storage, reconciliation, etc.

2007-01-08, 01:13 PM	#1
Jim Banned Join Date: Aug 2003 Location: Mohawk, New York Posts: 19,477	To me, the money it costs to send a check just seems that it should be the cost of doing business. I have to wonder with a US business, is the money both withheld from the webmaster and then written off as a business expense, tax time? I guess I can see a reason for a program using a 3rd party service. We did that in the beginning with UltraCash. I forgot the cost but I think it might have been $3.50/check. But even then, we ate the cost. We only stopped using the company because they printed the wrong account number on a check run. Nothing like having the rumor of bouncing checks going around when the check says, "Refer to Maker". Good tip..."Refer to Maker", some problem other than bounced check. "NSF", bounced check.